Today’s Decline is Only Noise, Gold’s Bullish Melody is Still Playing 

Gold crosses a historic milestone, Fed says 'Yeah, but...'

Sept 4 (Reuters) - Canada's main stock index closed lower on Friday as material and oil stocks declined and stronger-than-expected U.S. jobs ​data prompted investors to increase bets on an interest-rate hike ‌by the Federal Reserve this month.The S&amp;P/TSX Composite Index (.GSPTSE), fell 0.33%, at 36,513.80. Data showed U.S. job growth accelerated sharply in August while the unemployment rate held steady at ​4.1%, pointing to a still stable labor market.Traders added to bets that ​the Federal Reserve would hike interest rates later this month, ⁠with short-term interest-rate futures prices now implying about a 65% chance ​of a hike, compared with 55% before the jobs report."It just reaffirms ​this idea that the U.S. economy, despite some concerns, is still in a very good position," said Mike Archibald, portfolio manager at AGF Investments. "It will be very important ​in the next couple of weeks to see what happens with ​the data and how that evolves with respect to the expectations for market participants."Meanwhile, ‌Canada's ⁠economy lost 41,700 jobs in August, a sharp slowdown from unusually strong summer hiring.The Bank of Canada held interest rates steady this week, but Governor Tiff Macklem said policymakers were prepared to hike multiple times if inflation ​remained too high.On TSX, the ​materials sector (.GSPTTMT), was down 1.2% as miners lost ground, tracking declines in gold and silver prices.Energy stocks (.SPTTEN), fell about 1%, ​tracking a dip in oil prices.Renewed strikes in the ​Middle East ⁠pushed up oil prices and bond yields earlier this week, creating an uncertain backdrop for risk assets. For the week, TSX fell 0.1%.FOR CANADIAN MARKETS NEWS, ⁠CLICK ​ON CODES:TSX market reportCanadian dollar and bonds ​report CA/Reuters global stocks poll for Canada ,Canadian markets directoryReporting by Purvi Agarwal and Darshan Kumar in Bengaluru ​and Nivedita Balu in Toronto; Editing by Diti Pujara and Alistair Bell

TSX declines after US jobs data fuels rate-hike bets

Wall Street indecisive after gold price rollercoaster ride, Main Street clings to bullish majority as CPI takes center stage

Gold, silver prices slide as strong payrolls revive Fed-hike trade - Kitco PM Report

CPM Trade Signal -  September 4, 2026

OTTAWA, Sept 4 (Reuters) - Canadian economic activity expanded at a ​faster pace in August ‌as prices, inventories and employment rose, Ivey Purchasing Managers Index (PMI) ​data showed on ​Friday. The seasonally adjusted index increased ⁠to 64.3 in August ​from 55.1 in July, ​highest since May 2022.The Ivey PMI measures the month to month ​variation in economic ​activity as indicated by a panel ‌of ⁠purchasing managers from across Canada. A reading above 50 indicates an increase in ​activity.The ​gauge ⁠of employment rose to an adjusted 55.0 ​from 52.2 in ​July.The ⁠adjusted prices index shot up to 80.4, up from ⁠75.5.The ​unadjusted PMI ​rose to 62.7 from 54.1.Reporting by ​Promit Mukherjee Editing by Nick Zieminski

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Gold crosses a historic milestone, Fed says 'Yeah, but...'

TSX declines after US jobs data fuels rate-hike bets

Wall Street indecisive after gold price rollercoaster ride, Main Street clings to bullish majority as CPI takes center stage

Gold, silver prices slide as strong payrolls revive Fed-hike trade - Kitco PM Report

Canada's Ivey PMI expands to more than four-year high in August

Gold claws back from brutal jobs selloff as markets brace for key inflation data